鲸鱼的价格下降了1800万个令牌后，

埃塞纳（Ethena）的原住民代币埃纳（Ena）在代币的一个主要持有人之一转移了1800万个ena代币之后，面临着巨大的向下压力

The price of Ethena’s (ENA) native token is experiencing a steep decline following a significant transaction that saw 18 million ENA tokens, valued at around $8.78 million, being moved to Binance. This substantial transfer, which occurred on February 11, has sparked concerns among traders and impacted the token’s price, leading to a drop of over 10% in the past 24 hours.

埃塞纳（Ena）（ENA）本地令牌的价格正在急剧下降，此前一笔巨大的交易使1800万个ENA令牌（价值约878万美元）转移到了二手体。这种大量转移发生在2月11日，引发了交易者的担忧并影响了令牌的价格，在过去的24小时内导致超过10％的速度下降了10％。

According to on-chain data, the whale that made this move, identifiable by the wallet address 0x8f9, had initially accumulated these ENA tokens at an average purchase price of $1.167, which is considerably higher than the current market price of $0.42. This substantial loss suggests that the whale may be preparing to exit their position or is responding to unfavorable market conditions. The transfer of tokens to Binance signals that the whale could be ready to sell its holdings, triggering a potential sell-off.

根据链链数据，通过钱包地址0x8f9识别的鲸鱼最初以1.167美元的平均购买价格累积了这些ENA代币，这比当前市场价格高于0.42美元。这种巨大的损失表明，鲸鱼可能正在准备退出其立场或对不利的市场状况做出反应。将令牌转移到二元信号中，表明鲸鱼可以准备出售其股份，从而引发潜在的抛售。

Large transactions like this can significantly impact the price of a cryptocurrency. When major holders move their assets onto exchanges, it usually implies that they are preparing to sell, thereby increasing the token’s supply in the open market. In the case of ENA, this move has contributed to a broader bearish sentiment, as traders fear that the whale’s sell-off could drive the price down further.

这样的大型交易可以显着影响加密货币的价格。当主要持有人将其资产转移到交易所时，通常意味着他们准备出售，从而增加了令牌在公开市场中的供应。对于ENA而言，此举导致了更广泛的看跌感，因为交易员担心鲸鱼的抛售可能会进一步降低价格。

On-chain data from sources like Spotonchain indicates that the whale’s holdings had been acquired at peak prices, which adds to the market’s fear of a mass liquidation. The current price drop, compounded by this large sell signal, has also led to an increase in negative funding rates for ENA. As of now, the funding rate for ENA stands at -0.012%, reflecting a predominance of short positions in the market. Negative funding rates indicate that more traders are betting against the asset, which is a sign of bearish sentiment and could increase market volatility.

来自Spotonchain等来源的链上数据表明，鲸鱼的持有量是以高峰价格获得的，这加剧了市场对大规模清算的恐惧。当前的价格下跌，加上这个大型卖出信号，也导致ENA的负资金率提高。截至目前，ENA的资金率为-0.012％，反映了市场中短职位的优势。负资金率表明，越来越多的贸易商押注资产，这是看跌情绪的标志，可能会增加市场波动。

The price of ENA has dropped to a three-month low of $0.42, as a result of the market’s negative reaction to the whale’s transfer. As large amounts of tokens are moved to exchanges, the market becomes flooded with additional supply, which in turn places downward pressure on prices. Without enough buyers to offset the selling pressure, ENA could continue to decline, potentially breaking through critical support levels.

由于市场对鲸鱼转移的负面反应，ENA的价格已降至0.42美元的三个月低点。随着大量代币转移到交易所，市场泛滥成灾，这反过来又施加了下降的价格。如果没有足够的买家来抵消销售压力，ENA可能会继续下降，可能会因关键支持水平而破裂。

If the whale proceeds to offload the 18 million tokens onto Binance, ENA could face further price drops. The absence of significant buy-side demand could push the token’s value below $0.41, heading towards $0.31, which would mark a deeper decline. The ongoing lack of bullish indicators or investor confidence makes it difficult for the asset to find a solid base for a rebound.

如果鲸鱼继续将1800万个令牌卸载到Binance上，ENA可能会面临进一步的价格下跌。缺乏大量的买入需求可能会将令牌的价值提高到0.41美元以下，跌至0.31美元，这将标志着更深的下降。持续缺乏看涨指标或投资者的信心使资产难以为反弹找到坚实的基础。

While the market is currently weighed down by the whale’s movements, there is still hope for a price recovery if demand begins to pick up. If enough retail or institutional buyers step in to absorb the selling pressure, ENA could begin to stabilize. In this scenario, the token could potentially rally toward $0.51, a resistance level where the price could find some respite.

虽然目前市场受到鲸鱼的动作的压力，但如果需求开始增加，仍然希望价格恢复。如果足够的零售或机构买家介入以吸收销售压力，ENA可能会开始稳定。在这种情况下，代币可能会跃入0.51美元，这是一个电阻水平，价格可能会找到一些喘息的机会。

For this recovery to happen, however, it will require a shift in market sentiment. If buying momentum strengthens and traders begin to view ENA as undervalued, the price could rise. The key level to watch is $0.41, as holding this support could signal that the token is beginning to stabilize, while a break below it could prompt a deeper sell-off.

但是，要使这种恢复发生，这将需要改变市场情绪。如果购买势头增强，而交易者开始将ENA视为被低估的ena，那么价格可能会上涨。观看的关键水平为0.41美元，因为持有此支持可能表明令牌开始稳定，而下方的突破可能会引起更深的抛售。